Kazakhstan expects 7% economic growth in 2011, Kelimbetov says
10:56, 26 April 2011
ASTANA. April 26. KAZINFORM /Serik Sabekov/ Taking into account the favorable situation in the world commodity markets and the results of functioning of the economy for the first quarter, the Ministry of Economic Development and Trade believes it possible to achieve 7 percent economic growth this year. Minister Kairat Kelimbetov announced it at the Government's sitting on Tuesday.
As he said, according to preliminary estimates, the production of goods is expected to increase by 5.3% and production of services - by 8.2%.
According to Kelimbetov, significant role in increasing investment and business activity in the country must play the restoration of credit activity of the banks. Therefore, the National Bank and Finance Ministry should expedite the start of the post-crisis recovery program. Another challenge the Government and local executive bodies are facing is to ensure price stability in the domestic market.